It seems that the euro is preparing a reversal from the original down trend. Last Friday there was a big short squeeze which lead the currency up to 1.2385 -1.24 . If euro manages to break the 1.2430 level (55ma/trendline) then the counter trend will have been established and we will see a rally up to 1.28-1.30.
As a result a good strategy for next week would be to lookout for a break of 1.24 and try to go long with a s/l at 1.2120
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